Hyundai

Asked about plans to celebrate Hyundai's announcement of an 8,100-job manufacturing center on the Bryan County megasite, local economic development officials hinted at what's to come for the Savannah area. "We're going to celebrate afterwards a bit for sure," said Trip Tollison, president and CEO of the Savannah Economic Development...

Hyundai is building facilities dedicated to manufacturing electric vehicles (EVs) and batteries in Savannah, Georgia, marking Hyundai’s first EV-only plant in the US (via CNBC). The South Korean automaker will spend $5.5 billion on the new facilities and will receive an additional $1 billion investment from its suppliers. Hyundai...

Hyundai will allocate an additional $5 billion toward investments in the US, the automaker announced on Sunday. The funds will support the company’s work in electric vehicles, robotics, air taxis, self-driving cars and artificial intelligence. The announcement follows the recent news that Hyundai plans to build a $5.54 billion electric vehicle plant in Georgia. With that facility included, the automaker intends to invest $10 billion in the US by 2025.

Hyundai will reportedly discontinue the Sonata mid-size sedan after the current generation runs its course. The Sonata has been sold in the U.S. since the 1989 model year. New EV models will eventually replace the Sonata within the lineup, including the Ioniq 6 sedan. The mainstream mid-size sedan segment has...

CHARLOTTE — After weeks of speculation, car giant Hyundai Motor Group today officially announced plans to invest more than $5.5 billion in an electric vehicle and battery manufacturing facility in Savannah, Georgia. Multiple sources confirm Hyundai considered North Carolina before picking Georgia for the project, which is expected to...

Hyundai Motor announced on Sunday that it plans to spend $5 billion in the U.S. on developing mobility solutions such as autonomous driving and robotics. Last week, Hyundai said it would spend $5.54 billion to build its first dedicated electric vehicle and battery manufacturing facilities in the U.S. The investment...

Hyundai Motor Group and Georgia Governor Brian Kemp announced Friday that the South Korean automaker will open its first fully dedicated electric vehicle and battery manufacturing plant in southeast Georgia’s Bryan County. “After today, no one can doubt that Georgia is not only leading the great recovery as a whole, but we’re also the unrivaled […] The post Hyundai to build plant in Bryan County, touted as state’s largest-ever economic development project appeared first on Reporter Newspapers & Atlanta Intown.

Hyundai Motor Group will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ at least 8,100 workers. It will be Hyundai’s first U.S. plant dedicated to assembling electric vehicles and will also produce vehicle batteries. The company says it will start construction early next year and in 2025 begin producing up to 300,000 vehicles per year.

HONG KONG, May 23 (Reuters Breakingviews) - Hyundai Motors is getting a lift from closer U.S.-South Korea ties. Last week, President Joe Biden kicked off his inaugural trip to Asia in Seoul, signaling deeper economic and military cooperation between the allies. His counterpart, recently elected President Yoon Suk-Yeol, will benefit from less reliance on China for trade. The prize for Hyundai and peers will be a bigger presence in American markets.

Hyundai Motor Group has entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the U.S. The official signing ceremony was held in Bryan County, attended by Georgia Gov. Brian P. Kemp and other Georgia officials as...

SAVANNAH, Ga. (WTOC) - People who live in the Groover Hill neighborhood just off I-16 in Bryan County describe it as quiet, tight knit community. It’s a community spanning generations one that 86-year-old Bishop Singleton lived in for more than 50 years. “We care about each other and try...

SEOUL, May 23 (UPI) -- South Korean automaker Hyundai Motor announced Friday it would invest $5.5 billion to build a dedicated electric vehicle and battery factory complex in Bryan County, Ga. Two days later, Hyundai Motor Chairman Chung Eui-sun said the company would invest an additional $5 billion in the...

SEOUL, May 22 (Reuters) - Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with U.S. firms in advanced technology. The investments, announced during a visit to Seoul by President Joe Biden, are for robotics, urban air...

Hyundai Motor Group announced a major $5.54 billion investment in new electric vehicle and battery manufacturing facilities in Bryan County, Georgia (as part of a $7.4 billion investment planned in the US by 2025). It will be the company's first site dedicated to electric vehicles, with an annual capacity of...

Three automakers are recalling their electric SUVs due to software glitches that could lead to accidents. The Ford Mustang Mach-E, Kia EV6 and Hyundai Ioniq 5 are all subject to new safety actions filed with the National Highway Traffic Safety Administration The issue with the Mustang Mach-E is that it’s powertrain control module “may fail to detect a software error,” that can cause unintended acceleration, deceleration or a complete loss of power while the vehicle is in motion. Just 464 Mustang Mach-Es with all-wheel-drive that were built for the 2021 model year between Oct. 3, 2020, through May 26, 2021, are subject to the recall...

Three automakers are recalling their electric SUVs due to software glitches that could lead to accidents. The Ford Mustang Mach-E, Kia EV6 and Hyundai Ioniq 5 are all subject to new safety actions filed with the National Highway Traffic Safety Administration. The issue with the Mustang Mach-E is that it's...

Hyundai announced a $5.5 billion investment in a new battery and EV manufacturing facility in Georgia. A new US EV plant has benefits for local and national economies, and it will offer more choice for buyers who prefer cars built in the US. What's next. Look forward to US-built electric...

Hyundai Motor Group is planning to invest $5.5bn in a smart electric vehicle (EV) factory in the US state of Georgia. The factory will assemble EVs and batteries at a 5,200ha “Megasite” in Bryan County, south of the city of Savannah. As well as the South Korean group’s contribution, other suppliers will invest $1bn in the project.

BRYAN COUNTY, GA. — Hyundai Motor Group will open a $5.5 billion manufacturing plant near the coastal Georgia city of Savannah that will be fully dedicated to production of electric vehicles, including batteries. Hyundai expects the facility to be operational within three years. In addition to Hyundai’s direct investment,...